Hartford Moves Closer to Bankruptcy, Soliciting Proposals From Law Firms

Courant ^ | 05/09/2017 | Jenna Carlesso

[BlueLancer]

If only the Whalers would return to Hartford...

I'd bring the whalers to Hartford, if it wasn't so far inland ...

[mewzilla]

My Nutmegger ancestors are spinning.

[Chickensoup]

Aetna is thinking of moving.

Will gut the state

[Chickensoup]

What is a Yard Goat?

[lgjhn23]

That’s a great graphic, Flick.
It puts most of my Post #37 into a plain, easy to understand, picture graphic.

[penguinhunter]

I know you say it in jest but that is what Malloy would have us believe. Lets spend upwards of $250 million to fix the XL Center and the NY Islanders or some other hockey team will come begging to play in CT. Where it should be noted, another team failed in much better economic and business friendly times. Malloy is an idiot.

[t4texas]

Some “sanctuary”

[MarchonDC09122009]

Funny man - Arrr
Witty comment and Moby Dick post!

[MIchaelTArchangel]

The fool voter of the Constipation State who put the communist governor, legislators, mayors, city councilors, etc., into office are about pay a heavy price for allowing those morons to kill the goose that laid the golden eggs.

[hal ogen]

Hahaha. LIB-run communities all are on shaky ground in many ways. However, the LIB idiot voters love the LIB way. May they harvest their crop. Hahaha.

[MarchonDC09122009]

Fools and their money are soon parted...

William F Buckley once told us at his 1994 Hartford book signing the following:
“As a life long resident of Connecticut, I’ve come to the conclusion that the state is politically retarded”.

He was right.

Related - Aetna employs 5000 employs in Hartford...

City Shaken By Suggestion That Aetna Might Move Headquarters

www.courant.com/business/hc-aetna-boston-hartford-effect-20170203-story.html

Feb 5, 2017 ... HARTFORD — Aetna Inc., headquartered in Hartford since 1853 and nearly inseparable from the city’s ide.

Will Aetna follow GE to Boston? | WTNH Connecticut News

www.wtnh.com/2017/01/31/will-aetna-follow-ge-to-boston/

Jan 31, 2017 ... Could another Connecticut corporate giant be eyeing a move to Boston? Aetna, which ... Another company threatening to leave Connecticut?

RE: “The fool voter of the Constipation State who put the communist governor, legislators, mayors, city councilors, etc., into office are about pay a heavy price for allowing those morons to kill the goose that laid the golden eggs.”

[taildragger]

If they had any brains forget Boston, Detroit baby, it’s on the rebound...

[taildragger]

"The state of Connecticut has been hit hard by the double whammy of a deteriorating local economy, coupled with a plunge in hedge fund profits - as well as hedge fund managers permanently relocating to Florida - leading to a collapse in tax revenues. According to the the latest Connecticut budget released last week, the state is reeling from the consequences of sliding tax revenue from the super-rich, i.e. the state’s hedge fund managers. The latest figures showed that tax revenue from the state’s top 100 highest-paying taxpayers declined 45% from 2015 to 2016. The drop adds up to a $200 million revenue loss for Connecticut."

What are you saying, dat the hedge fund managers went to a Tax Free Republican State and gave themselves a raise and didn't have to shovel all dat snow, or they like the 2nd Amendment as well and could get a firearm without a Malloy r**tal exam?

[vette6387]

“We haven’t exhausted every option and every avenue for us to go down this road.”

Translation: “We’re looking into new ways to “kick the can down the road” without asking our overpaid, unionized city employees ( most notably, the Cops and the FFs) to take a pension and benefit haircut. Pogo is alive and well in Hartford

[cgbg]

A Yard Goat is a minor league baseball team that eats two million dollars a year of city money:

http://www.fieldofschemes.com/category/minor-leagues/hartford-yard-goats/

[cgbg]

The largest private employer in Hartford is Travelers Insurance, and several years ago they merged with St. Paul with headquarters in MN. While my sources tell me there was a grandfather clause that saved Hartford workers for some period of time, there will come a day when the offices in Hartford are closed.

Count on it.

Then you can start agriculture downtown as the highest and best use of the real estate.

[grumpygresh]

Maybe the Left will double down and take the Soviet approach and just outright seize/confiscate assets. They could really do this by creating obscure provisions in the law/administrative code and with the complicity of judges that are willing to use “discretion” in interpreting the regulations. We could see a replay of Dr. Zhivago.

Of course that only works just as long the assets remain, a few elections cycles perhaps.

[vette6387]

Ritter said legislators are trying to rally support for Hartford.

“We will try everything in our power to hit the $40 million target,” he said. “It keeps us up at night as much as it keeps you up at night and going bankrupt … would be terrible for the city. It would be terrible for the state. It’s not something that any of us want to see and we’re going to work very hard to make sure it doesn’t happen.”

Seems to me that everyone is a day late and a dollar short here. But then the’ve got so “adept” at finding “last minute ways” to salvage these financial crises that they think they can continue to do so forever. I think we need to be looking forward to municipal bankruptcies increasing on Trump’s watch and the local RATs attempting to get the Trump Fed Gov to cover their losses.

[Desparado]

I totally agree. I grew up in central Ct. In the 60’s. It was a truly beautiful state with outstanding public education. I was back for a reunion a few years ago, and I couldn’t believe the deterioration at every level! My old classmates were complaining that our town couldn’t economically support a chain grocery store; and they had to drive 10 to 15 miles to Middletown just to shop for groceries! Sad....

[KosmicKitty]

Better raise the price of the Yard Goat tickets